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<Research>Nomura Raises LAOPU GOLD (06181.HK) TP to $1,160, Expects 2H25 Same-store Sales to Rise
Recommend 5 Positive 14 Negative 8 |
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Nomura released a research report expecting that LAOPU GOLD (06181.HK) will see its 2H25 same-store sales surpass the RMB459 million level of 1H25, benefiting from price hikes before the end of August and continuous store optimization, which supported sales momentum. The broker also anticipated that the Group will not open new stores in China this year, as it has already entered the top ten commercial areas in China. However, there is still room to upgrade existing domestic stores and further expand into Hong Kong, Macau, ASEAN and Japan markets. Therefore, the broker raised its target price from $1,148 to $1,160, with rating reiterated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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